Global investment firm Think Investments has invested slightly over ₹136 crore in edtech unicorn PhysicsWallah as part of a pre-IPO funding round. The investment comes just days before the company’s ₹3,480-crore initial public offering (IPO), which opens on November 11.
As part of the transaction, Think Investments acquired 1.07 crore shares (0.37% stake) from 14 PhysicsWallah employees at ₹127 per share, a 17% premium over the issue price, translating to ₹136.17 crore.
The US-based fund, which manages $4 billion in global assets, has previously invested in several leading Indian startups, including Swiggy, FirstCry, Meesho, Urban Company, PharmEasy, Rapido, and Dream11.
PhysicsWallah’s IPO will comprise a fresh issue of ₹3,100 crore and an offer-for-sale (OFS) of ₹380 crore by co-founders Alakh Pandey and Prateek Boob. Post-IPO, the promoters’ holding will drop from 80.62% to 72%, while early investors will retain their stakes.
The issue closes on November 13, with anchor allotments on November 10. The company will use the IPO proceeds to drive growth and expansion initiatives.
